Kerry D'Ambroise Acquires Multifamily Property On Melrose St In Boston
SOLD
$2,000,000
Massachusetts
See Similar DealsMultiFamily2,500 SF
Sold 03/30/2023
SOLD
Kerry D'Ambroise Acquires Multifamily Property On Melrose St In Boston
25 Melrose St
See Similar DealsMultiFamily2,500 SF
Sold 03/30/2023
Summary
MASSACHUSETTS
Asset Type:MultiFamily
Price Per Square Foot:$800
Total Square Footage:2,500 SF
Transaction Type:Sale
The multifamily property located at 25 Melrose St in Boston, MA was recently sold for a price of $2,000,000. The property spans approximately 2,500 square feet, resulting in a price per square foot of $800.
Summary of transation details
- Property Type: Multifamily
- Transaction Amount: $2,000,000
- Square Footage: 2,500
- Price per Square Foot: $800
- Address: 25 Melrose St, Boston, MA
- Market: Boston, MA
Kerry D'Ambroise from Columbus and Over Group, LLC represented the buyer in this transaction. William Senne from Senne acted as the seller's representative. These key individuals played a crucial role in executing the deal.
Players
Details
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$106,666.67
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$7,105.57
Cash-on-Cash Return-1.27%
Monthly Debt Service$9,481.02
Annual Debt Service$113,772.24
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